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New Ransomware Encourages You To Infect Friends To Retrieve Files

By December 22, 2016March 6th, 2023Blog, Cybersecurity

There’s an unfortunate new ransomware variant making the rounds on the internet. As with all other forms of the software, once it infects your system, it locks all the files on your computer, then gives you instructions on how to unlock them.

This, of course, involves sending a payment in BitCoins to the hackers in exchange for the decryption key, but here’s the twist: The latest variant, called “Popcorn Time,” gives infected users a second option. If they don’t want to pay the ransom, they can infect two other people and get their decryption key for free.

The variant was first discovered by the MalwareHunter Team, and to this point, it is not known if anyone who has been infected by the software has opted to knowingly infect other users to get their files back. Statistically speaking, however, it’s just a matter of time.
It’s as clever a strategy as it is cruel, building a viral component into what is an already vicious bit of code.

What’s even worse about it is the fact that the code is still under development, although it is being actively spread. In its current iteration, it won’t accept your encryption key, even if you opt to pay the ransom. After the fourth failed attempt to enter your key, it starts deleting your files.

While this is the first time we’ve seen such a mechanism built into ransomware, now that it’s in the public eye, it’s certain to make appearances in other strains. A user who is sufficiently desperate to regain access to his or her files will undoubtedly opt for the “pass it on” function.

The best defense against this latest attack vector is education. If it’s been a while since you’ve spoken with your team about the dangers of opening emails from unknown parties, now is the time. It doesn’t matter how robust your digital security system is; one wrong click can spell serious trouble for your system.

Jason Manteiga

Jason J. Manteiga, Vice President of Olmec Systems, has been part of the company for over the past 20 years. He believes that having a great work environment and supportive team, is the ultimate key to success. Since being in the IT realm for over 25 years, Jason, along with Olmec Systems, has been on the Inc. 5000 “List of America’s Fastest Growing Private Companies” and Channel Futures MSP 501 “Top Managed Service Providers in North America,” along with other awards and nominations. Jason earned his Bachelor Degree in Information Systems from the New Jersey Institute of Technology. He also holds certifications in Microsoft MCSE, VMWare VCP, and Cisco CCNA. In his spare time, Jason is a contributor for The Center for Social & Legal Research (Privacy Exchange) and a member of the Morris County Chamber of Commerce. His hobbies include cycling and kayaking. He currently lives in New Jersey with his wife, two daughters and son.